Noble Network of Charter Schools

Analysis

Noble Network of Charter Schools is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Noble Network of Charter Schools reported income of $240.9m and spending of $226.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $174.9m to $240.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noble Network of Charter Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Intermediaryed ($240.7m), Lewis and Clark College ($241.4m) and Community Services for Children Inc ($240.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $1.3m (0.6% of expenses). Other salaries and wages came to $116.6m. At year end it held assets of $243.5m against liabilities of $109.3m, net assets of $134.2m. It reported 2,211 employees.